Worlds Attic Thrift Shop Inc

Analysis

Worlds Attic Thrift Shop Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Worlds Attic Thrift Shop Inc reported income of $788k and spending of $625k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $788k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Worlds Attic Thrift Shop Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Jim and Juli Boeheim Foundation Inc ($788k), Christian County Senior Citizens Services Fund Inc ($788k) and Family Financial Education Foundation ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $210k (33% of expenses). At year end it held assets of $1.6m against liabilities of $90k, net assets of $1.5m. It reported 10 employees.